We've seen a salvo of standards and regulations across the globe offering guidance on how to develop effective ethics and compliance programmes. With no single standard or regulation that suits all situations or organisations, we are faced with Compliance’s age-old question – how do we define “effectiveness?” Let's discuss what measure to use to define your programme's effectiveness.

If you can’t prove the effectiveness of your training program, how are you going to get the necessary budget and resources you need to ensure it remains effective? And if you are not measuring effectiveness thoroughly, you will not know how your program can be improved and changed to reduce risk and continue meeting the needs of your organization and its employees. Let’s talk about effective compliance training program measurements.

NAVEX global analyzed data from almost 1 million incident reports to help organizations examine their compliance program against best-in-class practices. Our 2017 Ethics & Compliance Hotline and Incident Management Benchmark Report reveals key trends surfacing across employee complaints and program case management. Learn what you need to know about early findings.

NAVEX Global has produced a report that assesses the key objectives, difficulties and strategies that compliance professionals face, as they look to develop their corporate ethics and compliance programmes in EMEA and APAC. As ethical organisational behaviour continues to make headlines and dominate industry dialogue, NAVEX Global identifies a selection of different approaches and solutions to each element of the survey, to help companies develop an organisational strategy to benefit both employees, and company performance.

The FCA’s new rules on whistleblowing aim to increase confidence among financial services employees to voice their concerns about workplace malpractice. However, despite widespread improvement in the standard of whistleblowing measures in organizations and, in many cases, the implementation of strategies beyond the minimum guidelines of the FCA, NAVEX Global has found that the new regulations have not yet had a significant impact on the rate of whistleblowing cases reported by employees. We discuss why.

Are you sure you know what benchmarking is and how to do it effectively? In the world of compliance, benchmarking is a critical part of showing your program’s strengths and identifying its weaknesses. It is a key part of the continuous improvement of your compliance efforts. Learn more about the specifics of benchmarking and how to conduct the process successfully for your organization.

Earlier this year, we surveyed nearly 400 ethics and compliance professionals from companies in Europe, the Middle East and Africa about their approach to policy management in our recent EMEA Policy Benchmark Report released October 2016. The report is a subset of our global Policy Management Benchmark Report, which surveyed 1,075 respondents across the globe. A clear number of challenges emerged from the survey, which require prioritization this new year.

It’s time for our annual review of trends and events that will impact your Ethics and Compliance (E&C) program in the year ahead. This year presents a unique challenge. We are preparing our predictions before the dust has settled from the recent U.S. election. While changes are likely, many of the challenges we face are unlikely to be affected at least in the near term.

The number of organizations evaluating third parties is going down, while the number of third parties they are planning to engage with is going up, according to a recent survey. This means organizations are not only going in blind to critical business decisions, but also not maximizing the benefit effective due diligence can have on third-party relationships.

There is clearly risk working with third parties, but what is too often lost in the discussion is the business case for robustly and diligently assessing and monitoring third parties in a risk based manner. We cannot just view third-party management as a contingency plan for potential litigation but as a necessary step for third party selection that is tied to ROI.

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About the Blog

The top minds in ethics & compliance

Ethics & Compliance Matters™, the official blog of NAVEX Global. Leverage the news, insights and best practices you find here to stay ahead of GRC trends, and take your compliance program to the next level.